Bought with Keller Williams Eastside
$3,800,000
$4,200,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
234 Williams AVE N Renton, WA 98057
15,540 SqFt
Key Details
Sold Price $3,800,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,540 sqft
Price per Sqft $244
Subdivision Downtown
MLS Listing ID 1618793
Sold Date 11/24/20
Style 56 - 10+ Units
Year Built 1920
Annual Tax Amount $41,076
Lot Size 1.613 Acres
Property Description
Very Unique Opportunity! 16 units comprising of 7 SFR's, 3 Duplexes and a Triplex. Sale includes 10 tax parcels covering a flat 1.6 acres in desirable Downtown Renton. This is an AMAZING investment and the potential is huge. Most units currently rented; 2019 actual cap rate was 4.8% including vacancies and below market rent, Proforma cap just about 6%. Finish square footage and turn 16 units into 19 units, or fix-up and flip! Up-zoning likely in 2028. One of a kind property, come see it today!
Location
State WA
County King
Area 350 - Renton/Highlands
Interior
Interior Features Heat Pump, Wall to Wall Carpet
Flooring See Remarks, Vinyl, Carpet
Fireplace No
Exterior
Exterior Feature Brick, See Remarks, Stucco, Wood
Utilities Available Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected, Oil
Amenities Available Fenced-Partially, Gas Available, Outbuildings, RV Parking
Waterfront No
View Y/N No
Roof Type Composition
Parking Type RV Parking
Building
Lot Description Alley, Corner Lot, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Renton
Others
Acceptable Financing Cash Out, See Remarks
Listing Terms Cash Out, See Remarks
Read Less
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157